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As predicted, Bitcoin has dipped recently. Remember, the cryptocurrency market is volatile, so this could be a short-term correction or the start of a larger trend. #BTC
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Recent Market Crash: Manipulation or Market Correction? The cryptocurrency market has seen a significant downturn recently, with Bitcoin (BTC) dropping from $68,000 to $65,000 and Ethereum (ETH) remaining around $3,500. While many altcoins have suffered even steeper losses, some believe this trend might be due to manipulation rather than natural market forces. Concerns: The gradual decline of BTC seems suspiciously timed to avoid a sudden crash in ETH, potentially to stabilize its price before an anticipated Ethereum ETF approval. The lack of short liquidations for ETH and the synchronized inflow with BTC's drop raise questions about the organic nature of the price movements. Historically strong ETH performance despite BTC fluctuations further fuels speculation of manipulation. Possible Manipulation: The coordinated effort to inject funds into ETH while strategically dropping BTC might be an attempt to influence prices artificially. The timing of this market movement suggests an alignment with the anticipation of an ETH ETF, potentially benefiting certain entities. Call to Action: While manipulation is a possibility, it's crucial to consider alternative explanations like market corrections before jumping to conclusions. More transparency from exchanges and influencers would be beneficial to rebuild trust within the crypto community.
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#Liquidity is scarce. In March in full euphoria, an average of +10 billion dollars flowed into the market. Today, we record +0.5 billion every day.
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A whale bought 6570 #Bitcoin worth over $430 million in the past 24 hours. Real thing is Users panic-selling, whales are continuously buying the dip while they still can. #WhalesBuying #BTC
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June 20 BTC ETF: 9 ETFs decreased 1,290 $BTC (-$83.7M). Fidelity decreased 1,290 $BTC (-$83.7M) and currently holds 168,862 $BTC($10.95B). Blackrock and Grayscale did not update their latest BTC holdings.
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